Trash Compactors Market Growth, Competitive Landscape Analysis and Forecast 2024 Including COVID-19 Outbreak – The Bisouv Network
A compactor is a machine or mechanism that is used to reduce the size of material such as waste material or biomass through compaction. A trash compactor is often used by a home or business to reduce the volume of trash. Trash compactors are very similar to industrial balers, but are typically used to process non-recyclable materials. The garbage is loaded into the entrance chamber and subjected to enormous pressure by a hydraulic or pneumatic press. Once it is processed, the volume of waste is greatly reduced, which makes handling easier and cheaper to transport as fewer transport rounds are required.
Scope of the report:
First, for the analysis of the industry structure, the waste compactor industry is fragmented. A wide variety of manufacturers, from large multinationals to small, privately owned companies, compete in this industry. The ten largest manufacturers account for around 36% of the sales market. From a regional point of view, the USA is the largest production area for landfill compactors and also a leader in the entire landfill compactor industry.
Second, garbage compactor production increases from 7569 units in 2011 to 9728 units in 2016, with an average growth rate of more than 4.75%.
Third, the U.S. accounted for 35.40% of the manufacturing market in 2015. This is followed by Germany and Great Britain, which account for around 13.53% and 8.75% of the global industry as a whole. Other countries have a small production volume. Geographically, the United States was the largest consumer market in the world, accounting for around 32.28% of global consumption in 2015.
Fourth, a key variable for the performance of waste compactor manufacturers in terms of price development is the cost of raw materials, particularly the speed at which an increase can be passed on to customers. The price of the main raw material varies depending on the price of steel. This year, as the global steel industry downturned, the price of trash compactors would continue to fall for at least the next 5 years.
Fifth, the global sales of Trash Compactors are forecast to continue to grow at an annual growth rate of 3 to 5%. We tend to believe that given the current demand for landfill compactors, this industry still has a bright future. In terms of product prices, the slow downward trend seen in recent years will continue over the next few years as competition intensifies. There will also be fluctuations in the gross margin.
According to a new Global Marketers study, the global garbage compactor market is expected to grow by around 3.4% over the next five years, reaching $ 400 million in 2024, up from $ 330 million in 2019.
This report focuses on the garbage compactors in the world market, particularly in North America, Europe and Asia Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type, and application.
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Global Trash Compactors Market Key Players:
Capital Compactors & Balers
Precision machine systems
ACE Equipment Company
Whua Res founder
Market by type
0-5 cubic meters
5-10 cubic meters
10+ cubic meters
Market by application:
Other commercial uses
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The market segments are analyzed in terms of growth rate, market share, market revenue, production, consumption, import-export, etc. The quantitative analysis is presented in various forms such as pie charts, tables and charts to allow easy understanding to the reader.
The following are the annual data included in the report:
Historic period: 2015-2019,
Base year: 2019,
Forecast period: 2020-2024.
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– This report provides an in-depth analysis to change the dynamics of competition
– Offers a positive outlook on the various factors driving or inhibiting market growth
– It includes a 7-year forecast that is assessed based on expected market growth
– Helps you understand the key product segments and their future
– Provides an in-depth analysis of the dynamics of changing competitions and keeps you ahead of the competition
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Objectives of the research report:
– To study and analyze the global Waste Compactors Market size by the product type and application, key region / country, and forecasts to 2024.
– Understand the structure of the Garbage Packer Market by identifying different sub-segments.
– Focus, explain and analyze the value, market share, market competitiveness, SWOT analysis and development plans for the next few years.
– Analysis of waste compactors with regard to individual growth trends, future prospects and the overall market contribution.
– Share detailed information on the key factors influencing market growth: growth potential, opportunities, impetus, industry-specific challenges and risks.
– Forecast the size of the landfill compactor sub-market for key regions (and each major country).
– Analysis of competitive developments such as market expansions, product launches, agreements and acquisitions.
– In-depth study of the main players and extensive analysis of their growth strategies.
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